Byotrol PLC Grant Award (1222Y)
September 07 2020 - 1:00AM
UK Regulatory
TIDMBYOT
RNS Number : 1222Y
Byotrol PLC
07 September 2020
B y otrol Plc
( " B y o t rol" or the "Group")
Award of GBP350k grant to investigate anti-viral properties of
seaweed
Byotrol plc (AIM:BYOT), the specialist infection prevention and
control company, is pleased to announce that it has secured a
significant grant from Innovate UK to further investigate the
anti-viral properties of certain common forms of seaweed.
The total award is GBP350k over 16 months, of which GBP108k will
be paid to Byotrol's academic partner, the Molecular Virology
Research Group at the University of Liverpool, led by Professor
James Stewart. The grant is specifically for research into seaweeds
in sanitising products, but we believe the resulting discoveries
will have significance outside of Byotrol's core markets, including
potentially animal feedstuffs.
This grant award will help Byotrol build further on its research
and development programme into developing biocides from sustainable
sources. This programme, which Byotrol has been exploring for many
years has demonstrated high potency anti-viral action from extracts
from commonly-occurring seaweeds, the results of which have already
supported a new patent filing by the Group. Byotrol expects to file
further patents as the programme develops.
Trevor Francis, Chief Technology Officer of Byotrol plc
commented :
We are delighted that Innovate UK is supporting our research
into the anti-viral properties of seaweeds and we are very pleased
to be working on this project with Professor James Stewart's
excellent team at the University of Liverpool. It is a very
exciting area of development for Byotrol.
Enquiries:
Byotrol plc
Trevor Francis - Chief Technology Officer
David Traynor - Chief Executive Officer
Nic Hellyer - Chief Financial Officer 01925 742 000
finnCap
Geoff Nash/Kate Bannatyne - Corporate Finance 020 7220 0500
Richard Chambers - ECM
Flagstaff Strategic and Investor Communications
Tim Thompson/Andrea Seymour/Fergus Mellon +44 (0)207 129 1474
byotrol@flagstaffcomms.com
This announcement is released by Byotrol plc and, prior to
publication, the information contained herein was deemed to
constitute inside information under the Market Abuse Regulations
(EU) No. 596/2014. Such information is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
Notes to Editors:
Byotrol plc (BYOT.L), quoted on AIM, is a specialist infection
prevention and control company, operating globally in the
Healthcare, Industrial, Food and Consumer sectors, providing low
toxicity products with a broad-based and targeted efficacy across
all microbial classes; bacteria, viruses (including coronavirus),
fungi, moulds, mycobacteria and algae.
Byotrol's products can be used stand-alone or as ingredients
within existing products, where they can significantly improve
their performance, especially in personal hygiene, domestic and
industrial disinfection, odour control, food production and food
management.
Byotrol develops and commercialises technologies that create
easier, safer and cleaner lives for everyone.
For more information, please go to byotrol.co.uk
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END
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